Preheat oven to 400°F.
Spread cream cheese over both sides of bread slices. Place bread in 13 x 9-inch baking pan. Prick bread slices several times. Top with peach slices; sprinkle nuts over peaches.
In large bowl, whisk eggs, milk, syrup, butter, sugar, cinnamon and vanilla extract. Pour mixture over bread. Bake for 20 to 25 minutes or until set in center. Yields 6 servings.
Variation
A large apple, peeled, cored and sliced, can be substituted for the peaches.